Token Usecases and Burn Mechanics
Last updated
Last updated
The primary use case of the AVRK utility token is a market-valued payment and credit for access to the Avorak AI ecosystem.
Secondary use cases will also include but not be limited to:
Receiving additional credits of the AVRK token in the form of a staking and 'revenue feedback' system
Incentivized liquidity provision through decentralized exchanges
Future use cases will include AVRX as the 'gas' token for Avorak Network, as the machine learning program moves into a decentralized state functioning as its own blockchain using a Proof-Of-Learning validation system. Token Burn and Revenue Allocation The AVRK token will be taken as payment for using Avorak products. - 49% of all revenue will be distributed back to AVRK holders. - 49% of the revenue will be distributed to Avorak. - 2% will be burned automatically upon payment, causing continuous deflation to the AVRK token.